Advances in time finance into the material processing segment with new teams
Time Finance, a UK-based professional lender, has announced its entry into the Materials Processing division, along with a dedicated team led by Phil Blea, appointed local sales manager.
The move is part of the company’s strategy to expand its asset finance solutions, particularly to new industrial segments that rely on heavy machinery and tools such as manufacturing and material storage.
Blea’s role focuses on developing the existence of Time Finance in this market, with emphasis on creating financial solutions that cater to diverse credit profiles, including those with more complex financial backgrounds.
He brought him the asset lending and vendor financing experience he previously worked for Close Brothers and Linde.
Time Finance hopes Blea will support the growth of its hard asset offering.
Blair said: “We are extremely excited to be part of Time Finance at such a critical time, and we are excited to be involved in the company’s transition to the material processing sector and the role it plays as our business embarks on a new three-year growth strategy.
The transition to the materials processing market is consistent with Time Finance’s objective of increasing its lending portfolio to more than £300 million over the next three years.
The company has registered a “recorded” loan amount of £217 million for the year ending May 31, 2025.
Time Finance provides UK businesses with a variety of funding solutions and encourages access to the finances of their growth initiatives.
In addition to asset finance, the company offers invoice finance, business loans, and asset-based lending.
“We’ve been working hard to get the most out of our business,” said Steve Nichols, Managing Director, Time Finance Asset Finance.
“By developing innovative sector funding, we coordinate asset finance and multi-product solutions for key sectors, supporting our business as we grow.
Earlier this month, time finance Appointment Bethan Holiday is the new operational head of the asset finance team.
“Time Finance Advances into Material Processing Segments with New Teams” was originally created and published Lifetime leasea brand owned by GlobalData.
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